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Jul 26, 2012
07/12
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CNNW
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"outfront" tonight, playing chicken with the fiscal cliff. today the senate appeared to take action on extending the bush era tax cuts. appeared being the keyword. senator majority leader mitch mcconnell announced he would not filibuster the measure. instead he allowed a straight up-or-down majority wins vote. the republican plan, extend the tax cuts for everyone. and president obama's plan, extend the cuts for 98% of americans, how olds making under $250,000 a year. why would senator mcconnell do such a thing? >> the only way to force people to take a stand is to make sure that today's votes truly count, by setting these shoet votes at a 50-vote threshold, nobody on the other side can hide behind a procedural vote while leaving their views on the actual bill itself a mystery, a simple mystery to the people who sent them here. >> and tonight, we now know where everyone stands. the democrats' bill narrowly passed, 51 to 48. with two democrat, joe lieberman and jim webb opposing. the republicans' plan failed. the vice president was there himsel
"outfront" tonight, playing chicken with the fiscal cliff. today the senate appeared to take action on extending the bush era tax cuts. appeared being the keyword. senator majority leader mitch mcconnell announced he would not filibuster the measure. instead he allowed a straight up-or-down majority wins vote. the republican plan, extend the tax cuts for everyone. and president obama's plan, extend the cuts for 98% of americans, how olds making under $250,000 a year. why would senator...
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Jul 25, 2012
07/12
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CNN
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instead, we're still playing chicken with the fiscal cliff. tax cuts expiring for everyone automatically. now, the cbo says if congress let this is happen, economic growth could contract by 1.3% during the first half of 2013. but the agency said would probably be judged a recession. our economy is only projected to grow between 2.% and 2.8% next year. not only are we speeding towards that fiscal cliff, we're wasting money with all this mindless bickering. this week, we actually learned the cost of all this sandbox politics. $1.3 billion. the government accountability office calculated the cost of last summer's debt ceiling debate. a fight in the name of fiscal responsibility that essentially held the full faith and credit of the united states hostage actually ended up costing taxpayers an additional $1.3 billion. as you hear it on this show every day, it's been almost a year since we lost our aaa credit rating. and it's all because of washington's inability to work together. "outfront" tonight, one man who's a leader in the house and a member
instead, we're still playing chicken with the fiscal cliff. tax cuts expiring for everyone automatically. now, the cbo says if congress let this is happen, economic growth could contract by 1.3% during the first half of 2013. but the agency said would probably be judged a recession. our economy is only projected to grow between 2.% and 2.8% next year. not only are we speeding towards that fiscal cliff, we're wasting money with all this mindless bickering. this week, we actually learned the cost...
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Jul 21, 2012
07/12
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CNN
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cliff that, is tax cuts are extended and spending cuts are avoided. within 30 years we sort go to 200% gdp. if we let the fiscal cliff, if we go over it, we keep it at 53% of gdp, you say look, those are numbers. that is debt to gdp that, is long term. frequent guests of this program have put out a study. >> he is a harvard economist. >> he said high levels of government debt to gdp has a depressing effect on the economy. 24% reducing gdp over a 20-year period. you're feeling. that you will feel that. all i'm saying is the conclusion is lord make me chaste just not yet. >> i don't want to discuss your chastity on television. big gross, let's bring bill into this conversation. a very compelling discussion about how you want to keep debt to gdp ratios at a -- in a tight relationship except that you can have low debt and low gdp as well. you look at this. you are investors in bonds. the u.s. is still got the advantage of borrowing money very inexpensively. give me your picture on this. >> well, i think will has a point. i think i'm on your side and chris
cliff that, is tax cuts are extended and spending cuts are avoided. within 30 years we sort go to 200% gdp. if we let the fiscal cliff, if we go over it, we keep it at 53% of gdp, you say look, those are numbers. that is debt to gdp that, is long term. frequent guests of this program have put out a study. >> he is a harvard economist. >> he said high levels of government debt to gdp has a depressing effect on the economy. 24% reducing gdp over a 20-year period. you're feeling. that...
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Dec 10, 2012
12/12
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KPIX
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if the president and speaker boehner can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up, and across the board spending cuts will kick in on january 1st. economists say that combination would plunge the country back into a recession. >> reporter: there are signs some republicans will willing to compromise on taxes if they can secure cut to social security, medicare and medicaid. >> give the president the 2% increase that he is talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlement. >> reporter: one proposal under discussion, raising the eligibility age for medicare is not going over well with democrats and advocates for senior citizens. >> the option, for example, to raise the medicare age actually is bad policy and will increase costs, because people who are 65 and 66 still need health insurance. >> reporter: the aarp says the real solution to cutting the deficit is lowers skyrocketing health care costs. in washington, danielle nottingham, cbs 5. >>> a hopeful sign for the economy, today is expected to
if the president and speaker boehner can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up, and across the board spending cuts will kick in on january 1st. economists say that combination would plunge the country back into a recession. >> reporter: there are signs some republicans will willing to compromise on taxes if they can secure cut to social security, medicare and medicaid. >> give the president the 2% increase that he is talking about, the...
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Dec 4, 2012
12/12
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FOXNEWSW
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we will read some of those during the show. >> if the united states falls off the fiscal cliff taxes will go up. how do you ease the burden in the family finances? is a oo should this street line be considered offensive? a new push to remove men and work signs because women work, too. >> the fiscal cliff is looming. taxes may go up with it. even if the cliff doesn't happen, folks. joining us with her end of year checklist is personal finance expert vera givens. >> want to look at the various things that might be changing such as contributions. >> you want to look at the overall tax system. one thing you can do is make your charitable contributions. you have until the end of the year to do that. a look at whether it makes sense to prepay your local taxes and property taxes and take a look at your investments as well gains, losses, if there are stocks you want to sell you may want to consider doing that before the end of the year. >> any capital gains tax is 15 percent. that may go up in january 2013. >> you could get walloped in 2013. >> throw out the balance of your network. >> it is
we will read some of those during the show. >> if the united states falls off the fiscal cliff taxes will go up. how do you ease the burden in the family finances? is a oo should this street line be considered offensive? a new push to remove men and work signs because women work, too. >> the fiscal cliff is looming. taxes may go up with it. even if the cliff doesn't happen, folks. joining us with her end of year checklist is personal finance expert vera givens. >> want to look...
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Dec 5, 2012
12/12
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WUSA
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with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, ther there a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'ers.e.c.geithneg over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me -- or do not used a skwrebgive thes like "curt," "frank" and "direct" m
with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, ther there a code of silence the...
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Jul 21, 2012
07/12
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FOXNEWS
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democrats warning they'll let the fiscal cliff hit raising everybody's taxes if republicans don't agree to raise taxes on the rich now. are american people telling they're wrong. new fox poll more than 70% of americans thinks that raising taxes in an economic down turn is a bad idea. who is right? i'm david asman, welcome to forbes on fox. steve forbes, victoria, morgan brennan, rick unger and elizabeth macdonald and thanks to e-mack for hosting the show. >> thank you. >> and steve, what do you think, democrats pushing us further towards that fiscal cliff? >> yeah, they want us to imitate france, raising taxes except in war time is a bad idea. especially if you have a weak economy, hurts risk taking, hurts success and slows the economy down. in the name of healthiness, they're hurting us. it happens every time. >> it goes against the grain, even young people, by the way, a poll of 18 to 29 year olds, 69% of whom said raising any taxes in this economic environment is a bad idea. >> yeah, but you know, you really have to wonder how americans are going to react when they begin to understan
democrats warning they'll let the fiscal cliff hit raising everybody's taxes if republicans don't agree to raise taxes on the rich now. are american people telling they're wrong. new fox poll more than 70% of americans thinks that raising taxes in an economic down turn is a bad idea. who is right? i'm david asman, welcome to forbes on fox. steve forbes, victoria, morgan brennan, rick unger and elizabeth macdonald and thanks to e-mack for hosting the show. >> thank you. >> and steve,...
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Jul 22, 2012
07/12
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CNN
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i don't think anyone would like us to go over the fiscal cliff. why is this problem not getting solved? >> the honest part of this is everyone's got to give something up. when you have tax reform. some people give up some of their retirement benefits -- i don't even know what's all on the table to give up but no one wants to give anything up. in a way it is like america is living the me more now bubble era. no one wants to pay for what we've already spent. >> i reject your premise. fiscal cliff will be avoided. calvin coolidge said if you see ten problems coming at you, chances are if you stand still, nine will fall in the ditch. in the meantime, while we're putting it off until december, will it have negative economic effects? but if we keep playing asteroids, we'll never focus on the long-term problem, the entitlement reform -- >> bill gross is the smart money on this, he deals with the people who buy the bond. christine could be right, i could be right, but ultimately the bet is made in the world in which bill operates. >> i think the long-term
i don't think anyone would like us to go over the fiscal cliff. why is this problem not getting solved? >> the honest part of this is everyone's got to give something up. when you have tax reform. some people give up some of their retirement benefits -- i don't even know what's all on the table to give up but no one wants to give anything up. in a way it is like america is living the me more now bubble era. no one wants to pay for what we've already spent. >> i reject your premise....
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Jul 21, 2012
07/12
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cliff. tax-geddon. the ball is in their quart. i don't know there's a lot that bernanke can do. there's a lot that schumer and friends can do. >> congress has 21 days of work before the november election, by the way, give me that gig. 21 days and this guy is looking at bernanke and saying, speed it up. you've got to be kidding me. >> i think, neil, in their little world, as you can see from bernanke's smile, reaction, that was a little pat on the back and saying, i wish we were all doing better here. forget-- >> and come on, adam, i love you dearly. you know the smile on ben bernanke's face, i can't believe what an ass you are. (laughter) >> that's what the smile was. >> exactly right. exactly right. >> you know, it was like, here is the mirror, mirror meet senator schumer, senator schumer, meet the hypocrite staring back at you, this is insane. >> neil: 21 days. >> 21 days. and by the way, you know what he's really saying to ben bernanke, hurry up and get on the stick and get president obam
cliff. tax-geddon. the ball is in their quart. i don't know there's a lot that bernanke can do. there's a lot that schumer and friends can do. >> congress has 21 days of work before the november election, by the way, give me that gig. 21 days and this guy is looking at bernanke and saying, speed it up. you've got to be kidding me. >> i think, neil, in their little world, as you can see from bernanke's smile, reaction, that was a little pat on the back and saying, i wish we were all...
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Dec 29, 2012
12/12
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MSNBCW
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everyone talking about fiscal cliff, taxes going up. a little detail not many people talking about, but will get their attention if you say your milk prices could double, triple? >> got milk, t.j.? talking about the dairy cliff. and the conchalgressional agricultural committee will come together. the price of milk will increase. right now, a gallon of milk about $3.50. set to go up to -- get this. $8 by january. if this new man isn't implemented. part of the talks that's going on with the president. they hope this will move forward. nobody wants the price of milk to be drink up. >> farm bill, it maybe goes over their heads. but i tell somebody that $8 for a gallon, they pay attention. >> this is a farm bill they really want to concentrate on. who wants to pay $8 a gallon for milk. >> this isn't the only thing that could shoot up. >> right. we're also talking about grocery prices too. about 12 different items will go up in 2013. some of the main ones, fwrogroc prices up 4%. the reason why, remember the drought that happened last summer,
everyone talking about fiscal cliff, taxes going up. a little detail not many people talking about, but will get their attention if you say your milk prices could double, triple? >> got milk, t.j.? talking about the dairy cliff. and the conchalgressional agricultural committee will come together. the price of milk will increase. right now, a gallon of milk about $3.50. set to go up to -- get this. $8 by january. if this new man isn't implemented. part of the talks that's going on with the...
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Dec 28, 2012
12/12
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KGO
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the fiscal cliff tax calculator. we've got it and will show you how to use it at 6:00. >> thank you. a work work -- new york woman accused of trying to scam donors by posing as a relative of one of the children killed in that elementary school. she's charged with lying to fbi agents this, is video of her leaving court. prosecutor says she used the facebook account, telephone calls to ask for donations for what she called a funeral fund. alba denied accusations when contacted by the fbi. 20 children and six adults were killed in december, on the 14th when a gunman opened fire in newtown. >>á[a6Ñ russian president vladir putin says he will sign a bill to ban americans from adopting russian children that. takes affect new year's day. that left pro suspective adoptivetçoÑñ parents in tushl . >> vladimir putin says he plans to sign a controversial new law banning u.s. adoptions. that dashes hopes and dreams of hundreds of american who's are trying to adopt russian orphans. many of them with special needs. officials h
the fiscal cliff tax calculator. we've got it and will show you how to use it at 6:00. >> thank you. a work work -- new york woman accused of trying to scam donors by posing as a relative of one of the children killed in that elementary school. she's charged with lying to fbi agents this, is video of her leaving court. prosecutor says she used the facebook account, telephone calls to ask for donations for what she called a funeral fund. alba denied accusations when contacted by the fbi....
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Jul 29, 2012
07/12
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WJLA
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they have the fiscal tax cliff.. ththey cannot plan origure out how muchfter-t-tax p profit day have. >> weigh in. still consecutiveve growth bunot good numbers. >> i believe the l last arter wass 1.5%. the previous quarter was rised downo 2%.%. not good news for the country. >> we will be back with our number of the >> welcome back. : number of the week is a big deal of. 62%, the percentage of office workers who say they swear at work making washington than numberone city in the nation forswearing among 25 surveys. 64% of bosses say they think less of employoyees who swear at work. we are glad you joined [ male announcer ] we've made verizon fios even easier to stch to -- and even harder to resist. because now you can move up to fios with no annual contract required. for just $99.99 a month for a year you'll get a fios triple play and our whole home solution including a high-speed wireless router plus a new multi-room dvr and hd set top box free for six months. upgrade to fios. no annual contract means now there's n
they have the fiscal tax cliff.. ththey cannot plan origure out how muchfter-t-tax p profit day have. >> weigh in. still consecutiveve growth bunot good numbers. >> i believe the l last arter wass 1.5%. the previous quarter was rised downo 2%.%. not good news for the country. >> we will be back with our number of the >> welcome back. : number of the week is a big deal of. 62%, the percentage of office workers who say they swear at work making washington than numberone...
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all about the fiscal cliff, the national debt and taxing the rich. no matter which way you look at it a tax increase looks almost certain and soon. here is senator harry reid. >> people making all this money have to contribute a little bit more. all the polling we have done, the vast majority of the american people support that, including rich people. stuart: the president and harry reid have more clout after the election and they are pushing tax the rich. house speaker john maynard taking a much softer line. is he hinting compromise on tax money to washington? listen to this. >> there's an alternative to going over the fiscal cliff. in whole or in part. involves making real changes to the financial structure of entitlement reform and reforming our tax could occur bit special-interest loopholes and deductions. imus: got that? organized labor's joining the conversation. tax now, cut later. richard trumka says don't worry about the deficit. >> we strongly believe we should make sure the wealthy start paying their fair share of taxes. they believe we sh
all about the fiscal cliff, the national debt and taxing the rich. no matter which way you look at it a tax increase looks almost certain and soon. here is senator harry reid. >> people making all this money have to contribute a little bit more. all the polling we have done, the vast majority of the american people support that, including rich people. stuart: the president and harry reid have more clout after the election and they are pushing tax the rich. house speaker john maynard...
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Aug 24, 2012
08/12
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FOXNEWS
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that's a huge part of the fiscal cliff. >> on tiny sliver that he even he acknowledges. >> kill about 700,000 jobs according to young. >> deficit. >> small amount of money. >> bill clinton has said nice things about mitt romney and the style of bill clinton is not to key monday nice opposition. i hope that barack obama also is telling us no more demonization. no more attacks. i'm going to debate the issues the way mitt romney can call a good man, patriotic man, let's debate the issues. >> kirsten, do you think that demonization is over from the obama campaign. >> keep laughing. if i get kirsten to laugh then i know. this is a good segment. >> all right. lanny. continuing to tout economic recovery but the numbers tell quite a different story. we have a special report. later a brand new poll shows mitt romney in the lead over barack obama. we will break down those numbers when we come back. . >> laura: in the impact segment tonight, with the unemployment rate at will .3% and jobless claims on the rise. it's kind of surprising to hear the obama campaign try to tout its economic record. >
that's a huge part of the fiscal cliff. >> on tiny sliver that he even he acknowledges. >> kill about 700,000 jobs according to young. >> deficit. >> small amount of money. >> bill clinton has said nice things about mitt romney and the style of bill clinton is not to key monday nice opposition. i hope that barack obama also is telling us no more demonization. no more attacks. i'm going to debate the issues the way mitt romney can call a good man, patriotic man,...
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Nov 8, 2012
11/12
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WBAL
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to avoid that so-called fiscal cliff. nbc's trais si potts is in washington. >> reporter: good morning. he's back here and the real work begins starting with the economy including that fiscal cliff that you mentioned, taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring. a big cut in medicare payments. and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal because the cuts are severe and
to avoid that so-called fiscal cliff. nbc's trais si potts is in washington. >> reporter: good morning. he's back here and the real work begins starting with the economy including that fiscal cliff that you mentioned, taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president...
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Dec 18, 2012
12/12
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FOXNEWS
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it is plan b for republican leaders who are hoping to avoid looming tax hikes in case a fiscal cliff deal fails before january the 1st. waiting for an update right now, expect to get it any minute. both republicans and democrats, john boehner meeting with his caucus to sell the plan b issue, keeping taxes the same for anyone under a million dollars a year. we have heard the president is at 400,000 on that number. they are moving towards the middle. i'm martha maccallum. brand-new hour of "america's newsroom." bill: i'm bill hemmer. negotiations continue. we are told with the white house they continue on a broader tax and spending deal. will they get that deal? bob corker out of tennessee member of the senate committee my guest now. i'm going to use your words, we're not close. >> no. bill: tell me. >> the president has yet to layout tangible entitlement reforms. bill, i've been trying to get us to pivot to that for almost a month now and he wants a debt ceiling increase, and do away with the sequester but he doesn't want to layout tangible entitlement reforms. we are not even close t
it is plan b for republican leaders who are hoping to avoid looming tax hikes in case a fiscal cliff deal fails before january the 1st. waiting for an update right now, expect to get it any minute. both republicans and democrats, john boehner meeting with his caucus to sell the plan b issue, keeping taxes the same for anyone under a million dollars a year. we have heard the president is at 400,000 on that number. they are moving towards the middle. i'm martha maccallum. brand-new hour of...
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Dec 6, 2012
12/12
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CNNW
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we say let's do it all. >> even at the expense of going off the fiscal cliff because if we do that taxes will go up on middle class americans to the tune of 2,000 plus dollars. >> and my whole point is we can put the brakes on the fiscal cliff. they say let's cut taxes for the first $250,000. democrats say that. let's agree and pass what we can agree on and where we can't agree, we can have debates later on. i think the figure ought to be higher than $250,000. i think it should reflect the cost of living in high cost areas like long island. i'm not going to tell my constituents that make less than $250,000, that it should be more. we can all agree on $250,000 and debate what we cannot agree on. >> something about the negotiations themselves seems unusual to me. it seems that house republicans are dealing directly with president obama and sort of skipping over their democratic counterparts like what are you guys doing? >> look, everybody needs to get into a room. there's no question about it. and i don't care whether you are negotiating a baseball contract or negotiating a solution to thi
we say let's do it all. >> even at the expense of going off the fiscal cliff because if we do that taxes will go up on middle class americans to the tune of 2,000 plus dollars. >> and my whole point is we can put the brakes on the fiscal cliff. they say let's cut taxes for the first $250,000. democrats say that. let's agree and pass what we can agree on and where we can't agree, we can have debates later on. i think the figure ought to be higher than $250,000. i think it should...
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Dec 21, 2012
12/12
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CNNW
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to go off the cliff, have everybod everybody's taxes go up, two days after the fiscal cliff happens and have a piece of legislation that will do the opposite of what they are trying to do now, which is cut people's taxes, which is much more politically p politically paltable palitable. >> when he couldn't even have a roll call because he didn't have the votes. >> while we may have not been able to get the votes last night to avert 99.81% of the tax increases, i don't think -- they weren't taking that out on me. >> dana, a lot of republicans who refused to vote in favor of what boehner and eric cantor really wanted, by refusing to vote in favor of that, they are about to see a huge tax increase, maybe the biggest tax increase in u.s. history for 99.81% of the american people who pay federal income tax because all of the tax rates are going to go up january 1st if legislation isn't passed. why isn't that seen as a violation of their no new taxes pledge? >> it's such a great question. what you are seeing is a group of politicians standing on principle and what they want is being forfeited
to go off the cliff, have everybod everybody's taxes go up, two days after the fiscal cliff happens and have a piece of legislation that will do the opposite of what they are trying to do now, which is cut people's taxes, which is much more politically p politically paltable palitable. >> when he couldn't even have a roll call because he didn't have the votes. >> while we may have not been able to get the votes last night to avert 99.81% of the tax increases, i don't think -- they...
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Dec 10, 2012
12/12
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another republican apparently willing to agree with tax hikes to get a deal on the fiscal cliff. that is the case now. what do republicans get in return? senator lindsey graham is live on that. martha: looks like a beautiful morning everywhere, doesn't it. new reaction as details are now emerging in yet another nfl football tragedy. this time a crash that killed a dallas cowboy player and left another player charged with manslaughter this morning. >> i think everyone in our organization who knew him is completely numb and has been numb the last couple days. football is a game of emotion. a lot of different emotions circulating. somehow how some way, we have to process it all and understand that life is different than football and we had a job to do today gressiv, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. music: "make someone happy" music:
another republican apparently willing to agree with tax hikes to get a deal on the fiscal cliff. that is the case now. what do republicans get in return? senator lindsey graham is live on that. martha: looks like a beautiful morning everywhere, doesn't it. new reaction as details are now emerging in yet another nfl football tragedy. this time a crash that killed a dallas cowboy player and left another player charged with manslaughter this morning. >> i think everyone in our organization...
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Dec 6, 2012
12/12
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FOXNEWSW
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why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no leverage on this thing. >> not going to happen. megyn: we'll leave it at that. thank you both. just ahead. a much more somber note. new warning about the sarin gas threat in syria. city drivers claim a class action that the traffic cameras are actually rigged. soot whole world is watching and the president of the united states made clear there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. megyn: that was leon panetta with a warning that the united states and our allies will not tolerate a chemical attack by syria. we got reports that they were mixing the chemical weapons earlier this week. focusing new attention on saddam huss
why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no leverage on this thing. >> not going to happen. megyn: we'll leave it at that. thank you both....
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Nov 7, 2012
11/12
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. >> tax reform takes a long time. you are going to the fiscal cliff in the short-term. but you are to lay out some kind of goals or parameters for the tax reform project which takes a year. >> bret: basically what we are looking at is another punt, to the spring, and promise to take up simpson-bowles or dome domeiniic-riblin or whatever. >> you don't want to negotiate tax reform in '8 # took a year, in month yeah you can't do. you punt it. with the understanding on all sides, which you can do in a month yeah is you do something along simpson-bowles. on that, you can get a national consensus and get us out of the immediate emergency. >> there will be skeptics who said that is what the super committee was supposed to do. >> the president just stood aside. now he has to go ahead and lead. beginning a second term. he can't allow it to start with a recession. he has something to compel him to go ahead and offer something like that kind of deal. >> i agree. for boehner, this is his legacy and paul ryan he wants to be the guy who was effective and maybe deal with the president
. >> tax reform takes a long time. you are going to the fiscal cliff in the short-term. but you are to lay out some kind of goals or parameters for the tax reform project which takes a year. >> bret: basically what we are looking at is another punt, to the spring, and promise to take up simpson-bowles or dome domeiniic-riblin or whatever. >> you don't want to negotiate tax reform in '8 # took a year, in month yeah you can't do. you punt it. with the understanding on all sides,...
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Dec 21, 2012
12/12
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CNBC
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there's still a chance for a solution to the fiscal cliff. washington tends to work on a last-minute basis. the fact that the republicans couldn't even get together and chose some kind of solidarity even though they knew the plan b wouldn't go through is disturbing. >> dean mackey, how do you see 2013? >> the positive thing right now sthot consumer spending was picking up in the fourth quarter. that was the message of today's data. business spending is also picking up. the problem, though, is that the economy sill is vulnerable to the fiscal cliff. tax rates are going to jump significantly on january 1st if nothing is done quickly and that would cause, we think if it lasted, a contraction in the first quarter. >> so contraction in the first quarter. are you speccing a recession? >> we are not. we still think some deal will be reached in the next couple of weeks. and that scenario we think is going to grow 1.5% to 2 the% in the next year. but the risk of no deal is obviously rising. we still think hal happen, though. rick santelli, what r sayi
there's still a chance for a solution to the fiscal cliff. washington tends to work on a last-minute basis. the fact that the republicans couldn't even get together and chose some kind of solidarity even though they knew the plan b wouldn't go through is disturbing. >> dean mackey, how do you see 2013? >> the positive thing right now sthot consumer spending was picking up in the fourth quarter. that was the message of today's data. business spending is also picking up. the problem,...
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Jul 28, 2012
07/12
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KRCB
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cliff. >>woodruff: what makes you think they might mark zhandy? >> both parties have levege in th debate. thbush era tax cuts are coming to an end under current law. that gives leverage to the democrats. we have budget cuts that are part of the deal that we struck tto raise the treasury debt ceiling last summer. thawe are going to cut the defee and non-defense budget and we have the debt ceiling that has been increased next year. and when you have this kind of situation with both parties having negotiatingower it's a prescription forgetting a deal. >>woodruff: it sounds like you don't see it. >> mark has analyzed the situation right. both in europe and in the united states we have a lot of people playing the game of chicken. no one wants the sequestering and no one wants the taxes to go up and nobody in europe wants to blow up the euro in a messy way. can they still t stumble their o the compromise. and it leaves us vulnerable to something not on the horizon. e mile east is not the most stab
cliff. >>woodruff: what makes you think they might mark zhandy? >> both parties have levege in th debate. thbush era tax cuts are coming to an end under current law. that gives leverage to the democrats. we have budget cuts that are part of the deal that we struck tto raise the treasury debt ceiling last summer. thawe are going to cut the defee and non-defense budget and we have the debt ceiling that has been increased next year. and when you have this kind of situation with both...
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Sep 27, 2012
09/12
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FOXNEWS
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poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will appear on "fox and friends" to discuss the economy and next fiscal cliff is just around the corner. there are fewer than 100 days before we reach that impending fiscal cliff. the expiration of bush tax cuts the start of a trillion dollars of budget cuts. tax magedon is unsettling to one large segment of the economy and mike emanuel explains. >> many small business owners are expressing anxiety as the u.s. economy faces the fiscal cliff. that is in tax hikes and government spending cut to do you to take affect in the new year. >> i want to grow and invest in the community and holding things back just because of
poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will...
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first before we get to fiscal cliff one of the things about municipal bonds is that there are tax exempt and the reason i understand that this is the case is because they are tax exempt that makes them appealing to investors so then that helps cities and states borrow for less because their their bonds are attractive which helps them to more easily fun the bridges roads schools that they're building or whatever is that accurate is that how it typically does work just add one carrier that is the higher the income bracket you're in the higher tax rate you're in the more evident ages it is to have that tax exemption and show to that income ok which is why perhaps it is one thing that is on the cutting room floor in the fiscal cliff negotiations because evidently according the wall street journal this is one thing that perhaps john boehner and the white house can agree upon that for high income individuals they maybe shouldn't get this tax exemption. anymore how would this impact things will it's the advantages are very skewed to high income earners now are people in high tax brackets people
first before we get to fiscal cliff one of the things about municipal bonds is that there are tax exempt and the reason i understand that this is the case is because they are tax exempt that makes them appealing to investors so then that helps cities and states borrow for less because their their bonds are attractive which helps them to more easily fun the bridges roads schools that they're building or whatever is that accurate is that how it typically does work just add one carrier that is the...
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Dec 18, 2012
12/12
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FBC
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>> a plan b on the fiscal cliff on taxes, stuart. this is coming from house speaker john boehner who is addressing republicans right now. we have a source in the room telling us that republicans will vote on a plan b in the house. likely this week. it will allow americans to avoid higher tax rates starting on january 1st. this deals with just the tax portion here on different rates. so, the threshold that republicans want is a million dollars. you wouldn't get a tax hike on your rates if you earned less than 1 million dollars annually. so that's a plan b that republicans vote on on the house. house speaker john boehner still wants a grand bargain with president obama. the two sides were drawing closer, last night their deal gave some discouragement to house speaker john boehner, so he's putting a second plan on the table and prefers president obama and they'll take it to-- >> it sounds like speaker boehner cannot sell the deal he's approaching with president obama to his own house members, so he's going to plan b the concentrate only
>> a plan b on the fiscal cliff on taxes, stuart. this is coming from house speaker john boehner who is addressing republicans right now. we have a source in the room telling us that republicans will vote on a plan b in the house. likely this week. it will allow americans to avoid higher tax rates starting on january 1st. this deals with just the tax portion here on different rates. so, the threshold that republicans want is a million dollars. you wouldn't get a tax hike on your rates if...
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cliff. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or the cliff -- over the cliff, if republicans refuse to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks to raise money but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt concerns ryan shenecki. so much so that he's the guy in the can suit, dancing gangnam style with the cochair o
cliff. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or...
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Nov 8, 2012
11/12
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MSNBCW
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to avoid that so-called fiscal cliff. nbc's tracie potts is in washington with the latest on that. tracie, good morning. >> reporter: good morning everyone. the party is over now in chicago. he's back here, and the real work begins starting with the economy including that fiscal cliff that you mentioned. taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal b
to avoid that so-called fiscal cliff. nbc's tracie potts is in washington with the latest on that. tracie, good morning. >> reporter: good morning everyone. the party is over now in chicago. he's back here, and the real work begins starting with the economy including that fiscal cliff that you mentioned. taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can...
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Dec 13, 2012
12/12
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FOXNEWSW
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>> people are doing interesting things when it comes to the fiscal cliff and taxes. overall h & r block there's one in every five miles of every american. they are every where. this is not just for the month of december. this is going to be going through into january and february. this is their busy time. they hire about 100,000 year-round. the peak season is october to january. tax professionals client service customer care positions, customer care, tech support. one in every tax return in this country that is filed h & r block does it. the fiscal cliff is changing especially with the real estate market i will talk about that next week. they are busy right now. we want to know how to file our taxes. >>> they are lacking toer more than masking. >> exactly. >> everything is listed at my block casone exchange.com. you can apply. we are going to be getting follow up with the fed and crazy decision that took many of us by surprise. >> it is 25 minutes after the hour. he sacrificed his life to save the lives of fellow soldiers in iraq. why is the military refusing to give
>> people are doing interesting things when it comes to the fiscal cliff and taxes. overall h & r block there's one in every five miles of every american. they are every where. this is not just for the month of december. this is going to be going through into january and february. this is their busy time. they hire about 100,000 year-round. the peak season is october to january. tax professionals client service customer care positions, customer care, tech support. one in every tax...
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152
Oct 27, 2012
10/12
by
CNN
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when the cbo has said going over the fiscal cliff will plunge the u.s. economy back into recession. with ten days until the re-election, it doesn't look like we're going to get it, not out of washington, not out of congress, and certainly not on the campaign trail. what have you heard? have you heard anything that you need to hear to make your
when the cbo has said going over the fiscal cliff will plunge the u.s. economy back into recession. with ten days until the re-election, it doesn't look like we're going to get it, not out of washington, not out of congress, and certainly not on the campaign trail. what have you heard? have you heard anything that you need to hear to make your